BidaskClub Downgrades AVEO Pharmaceuticals (AVEO) to Strong Sell

BidaskClub cut shares of AVEO Pharmaceuticals (NASDAQ:AVEO) from a sell rating to a strong sell rating in a report issued on Tuesday morning.

A number of other brokerages have also recently commented on AVEO. started coverage on AVEO Pharmaceuticals in a research report on Wednesday, November 15th. They issued a buy rating and a $5.00 price target for the company. B. Riley started coverage on AVEO Pharmaceuticals in a research report on Monday, November 13th. They issued a buy rating and a $5.00 price target for the company. Zacks Investment Research cut AVEO Pharmaceuticals from a hold rating to a sell rating in a research report on Wednesday, December 6th. Finally, Seaport Global Securities restated a buy rating on shares of AVEO Pharmaceuticals in a research report on Friday, October 6th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $4.05.

Shares of AVEO Pharmaceuticals (NASDAQ AVEO) opened at $3.10 on Tuesday. The company has a quick ratio of 2.33, a current ratio of 2.33 and a debt-to-equity ratio of -0.32. AVEO Pharmaceuticals has a 1 year low of $0.50 and a 1 year high of $4.24.

Several large investors have recently added to or reduced their stakes in the stock. RA Capital Management LLC purchased a new stake in shares of AVEO Pharmaceuticals during the second quarter worth about $18,727,000. Vanguard Group Inc. grew its position in shares of AVEO Pharmaceuticals by 48.6% during the second quarter. Vanguard Group Inc. now owns 3,551,360 shares of the biopharmaceutical company’s stock worth $7,884,000 after purchasing an additional 1,162,232 shares in the last quarter. EAM Investors LLC purchased a new stake in shares of AVEO Pharmaceuticals during the second quarter worth about $1,979,000. Essex Investment Management Co. LLC purchased a new stake in shares of AVEO Pharmaceuticals during the third quarter worth about $550,000. Finally, OxFORD Asset Management LLP purchased a new stake in shares of AVEO Pharmaceuticals during the third quarter worth about $228,000. Hedge funds and other institutional investors own 50.91% of the company’s stock.

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AVEO Pharmaceuticals Company Profile

AVEO Pharmaceuticals, Inc is a biopharmaceutical company. The Company’s platform delivers insights into cancer and related disease. The Company’s product candidates include Tivozanib, Ficlatuzumab, AV-203 and AV-380. Tivozanib is a selective long half-life vascular endothelial growth factor tyrosine kinase inhibitor (VEGF TKI) that inhibits over three VEGF receptors.

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